Our Client Alert discusses the Delaware Court of Chancery’s recent issuance of a rare post-trial decision finding a CEO personally liable for millions of dollars in damages for breaching his fiduciary duties by tilting his company’s sale process in favor
Wilson Sonsini Goodrich & Rosati
Wilson Sonsini Goodrich & Rosati's legacy closely traces the birth and evolution of Silicon Valley.
For nearly six decades, Wilson Sonsini has represented the technology pioneers associated with virtually every milestone innovation.
Today, the firm is synonymous with ushering promising, innovative companies through their business life cycle.
And as our clients have grown, so has our firm. Wilson Sonsini now represents many of the largest companies in the world—and thousands of the smallest ones, too.
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EU Privacy Regulators Coordinate to Assess Compliance with the GDPR Rules on Data Protection Officers
On March 15, 2023, the European Data Protection Board (EDPB) announced a coordinated action on the role of the data protection officers (DPOs). The data protection authorities (DPAs) will ask DPOs a series of questions to inquire about their designation…
White House Releases National Cybersecurity Strategy: Key Takeaways for the Private Sector
On March 2, 2023, the White House released its National Cybersecurity Strategy (the Strategy). The Strategy sets out ambitious goals for the federal government to hold countries accountable for irresponsible behavior in cyberspace and to disrupt the networks of criminals…
Considerations in Complying with Nasdaq Rule 5606
In August 2021, the U.S. Securities and Exchange Commission (SEC) approved new board diversity listing standards for companies listed on The Nasdaq Stock Market LLC (Nasdaq). As part of these new listing standards, Nasdaq Rule 5606 now requires listed companies…
Silicon Valley Bank Developments
Wilson Sonsini is closely monitoring the fast-moving developments related to the recent closure of Silicon Valley Bank (SVB), including the press release issued on March 13, 2023, by the Federal Deposit Insurance Corporation (FDIC), FDIC Acts to Protect All Depositors…
FTC Announces Settlement with BetterHelp for Disclosing Consumers’ Health Information to Third-Party Advertisers
On March 2, 2023, the Federal Trade Commission (FTC) announced a proposed settlement agreement (also referred to as “proposed consent order”) with BetterHelp, Inc., an online counseling service, for allegedly disclosing its website visitors’ and users’ “health information” to advertisers,…
EDPB Issues Guidance on Cookie Banners
In January 2023, the European Data Protection Board (EDPB) published a report on cookie banners (Report). The Report provides practical guidance to companies doing business in the EU on how to comply with the EU cookie rules. It…
European Commission Seeks Companies’ Input on GDPR Enforcement
EU Regulators Adopt Opinion on Draft EU-U.S. Data Privacy Framework
Since the invalidation of the Privacy Shield framework in 2020 in the “Schrems II” case, the EU and the U.S. have been working to set up a new framework for data flows from the EU to the U.S. A…
Rule 10b5-1 Amendments Spare Issuer Accelerated Share Repurchases (ASRs)
Our timely client alert discusses the impact (or lack thereof) of impending amendments to Rule 10b5-1 on issuer structured share buy-back arrangements, such as accelerated share repurchases (ASRs). Final Rule 10b5-1 amendments, discussed comprehensively in our previous client alert,…